FX Markets - Vol 21 No 3
Articles in this issue
Dollar-bullish Calyon dominates rankings
Calyon tops one-month historical forecast index
RBS restructures corporate FX sales team
RBS restructures corporate FX sales team
Banks pay up to retain talent
Bank bonuses head back towards 2007 levels
Nomura loses two
Nomura departures
Trading places, January 25, 2010
Trading places
Lloyds wins by predicting USD strength
Lloyds tops three-month forecast rankings
FX volumes bounced back in 2009
Foreign exchange daily trading volumes rise in 2009.
BoA Merrill hires in Asia
Vinit Sahni and Ben Rosswick join BoAML.
Trading Places, February 1, 2010
Trading Places - people moves
JP Morgan restructures FX trading and sales
JP Morgan looks to expand presence in EMEA.
RBS deepens commitment to Asia
Royal Bank of Scotland adds in Singapore.
Morgan Stanley adds to London trading desk
Morgan Stanley expands foreign exchange team.
In Brief, February 1, 2010
Brief mentions
UBS bucks the trend on risk aversion
Currency forecast index
Calypso adds function to tackle new UK liquidity rules
Key developments to match regulation
Calyon and CIBC hires target emerging markets
Calyon and CIBC hires
Commerzbank loses two in sales
Senior departures from Commerzbank continue
Saxo stays low on the euro
Saxo Bank tops one-month currency forecast index
Soede joins BNP Paribas
BNP Paribas (BNPP) is building out its electronic commerce business with the hire of Thomas Soede as global head of e-commerce in London, the French bank announced on February 9.
Credit Suisse builds out in EM
Swiss bank restructures trading desks to improve distribution into emerging markets
BoAML says goodbye to Harmon
NEW YORK - Bank of America Merrill Lynch (BoAML) is continuing to shake up senior management with a departure and twin promotion, effective last Tuesday(February 9).
Allington moves to StanChart
Allington trades up US investment bank to become senior risk manager
Algos boom on retail trading platforms
Dealers still pick up from collateral constraints
RBS resignations prompt restructure
LONDON & STAMFORD, CT - Royal Bank of Scotland (RBS) has implemented a new structure for its sales and trading business today (February 15), following the departure of two senior managers in London last Friday (February 12).
Scotia scoops the 12-month forecast again
Scotia tops 12-month poll for second week running
BoAML realigns FXPB into multi-asset business
Zia quits Bank of America Merrill Lynch
Jerome departs StanChart
Global head expected to re-emerge at Morgan Stanley
Trading Places, February 22, 2010
Trading places, people moves
TMS: the only way is up for EUR/USD
TMS Brokers tops one-month forecast
Kaazing sets sights on EMEA
Kaazing branches out in Europe, the Middle East and Africa
Fritschi follows Jerome to Morgan Stanley
StanChart sees second bank sales departure
Trading places, March 8, 2010
People moves
UniCredit builds out in European sales
UniCredit hires two
Shock departure from Citi
De Groot jumps ship to BNP Paribas
CBA: Hung parliament won’t kill sterling
Euro-bearish CBA tops currency forecast index
European FX co-heads quit Morgan Stanley
Suczs and Ciavarini depart
Goldman Sachs loses Sada-Paz
Mauricio Sada-Paz joins Bank of America Merrill Lynch
Sentiment sours on dollar and sterling
John Kyriakopoulos, head of currency strategy in Sydney, Nick Parsons, head of markets strategy in London, and Gavin Friend, markets strategist in London at National Australia Bank, are pessimistic about the US dollar’s prospects for the rest of the year…
Dollar-bullish view pays off for Crédit Agricole CIB
Crédit Agricole CIB (CA) has maintained its dollar-bullish position as it tops the one-month year-to-date index.
RBS loses two in London
More departures at UK bank
TD Securities shuts London trading floor as fire hits
Canadian dealer shifts trading to alternative locations
JP Morgan builds in hedge fund sales
Hires in London and New York
Trading places, March 22, 2010
People moves
RBS tries to stem losses
UK bank hires in sales
Morgan Stanley: Prioritising FXPB
Competition in the foreign exchange prime brokerage market remains competitive, as new businesses fill the vacuum left by the withdrawal of incumbent providers and clients spread counterparty risk following the 2008 credit crisis.
Goldman Sachs runs low in Iberia sales
JP Morgan benefits from US rival
Morgan Stanley continues expansion
US bank hires in the US and UK
Société Générale re-builds FX trading
O'Sullivan set to join as co-head of trading
Trading Places, March 29, 2010
People moves
BarCap loses Longmore
LONDON - Richard Longmore, European head of institutional foreign exchange sales, has left Barclays Capital after weeks of speculation from market sources.
SuperDerivatives builds out exotic options
SuperDerivatives adds to its exotic options offering.
Weiss and Dechpokket depart Credit Suisse
Credit Suisse loses two more options traders
Barclays Wealth adds to retail FX system
LONDON - Barclays Wealth has upgraded its retail foreign exchange trading platform, BarxDirect, as it prepares for the rollout of exotic Asian currencies next month.
Trading Places, April 5, 2010
Read this week's people moves in the FX market across London, New York and Hong Kong.
BarCap loses Mihocko-Tierney to BAML
BAML gains in electronic commerce and investor sales
UBS loses three in sales
LONDON & STAMFORD, CT - UBS has lost three salespeople on both sides of the Atlantic in the past fortnight. All are due to set up shop at rival camps.
BAML builds out UK corporate sales
LONDON – Bank of America Merrill Lynch (BAML) is expanding its UK FX corporate sales team with the hires of Matt Rolfe and Nick Hardy in London.
Deutsche in drive for US sales growth
Deutsche Bank has made two senior hires in its North America foreign exchange team: David Paster and Linda Crish.
29West upgrades Gateway
CHICAGO – Messaging technology provider 29West, which was recently acquired by California-based integration software vendor Informatica, is planning to release a new version of its Gateway message-routing product to early adopters this quarter, which…
Casini quits RBS
Enrico Casini, head of institutional foreign exchange sales for Europe, the Middle East and Africa and head of central banks sales, left Royal Bank of Scotland last week, say internal bank sources.
Wells Fargo boosted by US recovery
Wells Fargo has topped the three-month year-to-date index this week with a consistent dollar-bullish approach. Nick Bennenbroek, head of currency strategy at Wells Fargo in New York, attributed its forecast to economic factors and market positions.
Anselmetti takes up BarCap offer
Goldman Sachs loses key sales personnel
Bonuses fail to match expectations
Bonus speculation is now over as the banks pay out, with the exception of Royal Bank of Scotland, which will not pay bonuses until June.
Calypso signs Record Currency Management
LONDON - Currency specialist Record Currency Management will go live with middle- and back-office systems from Calypso in the third quarter, following a nine-month implementation process, the vendor announced today (April 12).
